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Why RLX Technology Shares Are Trading Higher By 6%; Here Are 20 Stocks Moving Premarket - Binah Capital Group (NASDAQ:BCG), Aspire Biopharma Hldgs (NASDAQ:ASBP)
Benzinga· 2025-11-14 10:52
Group 1: RLX Technology Inc - RLX Technology Inc reported quarterly earnings of 3 cents per share on sales of $158.600 million [1] - Shares of RLX Technology rose 6% to $2.47 in pre-market trading following the earnings report [1] Group 2: Other Stocks in Pre-Market Trading - Cidara Therapeutics, Inc. surged 92% to $203.50 after a Schedule 13D Amendment revealed beneficial ownership of 3.37 million shares [4] - Binah Capital Group, Inc. gained 52.2% to $2.17 after posting stronger-than-expected third-quarter results [4] - Expion360 Inc. rose 42.4% to $1.81 following its third-quarter results [4] - Aspire Biopharma Holdings, Inc. surged 31.2% to $0.1380 in pre-market trading [4] - Invivyd, Inc. gained 28.8% to $2.28 after reporting better-than-expected third-quarter financial results [4] - Milestone Scientific Inc. surged 26.3% to $0.4801 after reporting better-than-expected third-quarter sales [4] - Lazydays Holdings, Inc. gained 23.3% to $1.85 after a previous surge [4] - Omeros Corp gained 12.5% to $7.08 following a narrower-than-expected quarterly loss [4] - Nouveau Monde Graphite Inc rose 10% to $3.25 after a decline the previous day [4] Group 3: Declining Stocks in Pre-Market Trading - TSS Inc tumbled 40.2% to $9.10 after reporting a year-over-year decrease in third-quarter results [4] - enVVeno Medical Corp declined 35.8% to $0.42 after an unfavorable FDA appeal decision [4] - Nuvve Holding Corp fell 29.3% to $0.34 after announcing third-quarter results [4] - ESS Tech Inc shares dipped 24.2% to $3.22 after reporting weak quarterly sales [4] - Direct Digital Holdings Inc fell 18.8% to $0.23 after a significant gain the previous day [4] - StubHub Holdings Inc fell 18.8% to $15.28 after worse-than-expected third-quarter EPS results [4] - Mangoceuticals Inc dipped 17.7% to $0.98 after a decline the previous day [4] - Red Cat Holdings Inc dipped 15.1% to $6.57 after worse-than-expected financial results and a lowered FY25 sales guidance [4] - WhiteFiber Inc fell 13.4% to $17.21 after reporting worse-than-expected financial results [4] - Sobr Safe Inc fell 12.4% to $2.21 after a decline the previous day [4]
SOBRsafe Reports Third Quarter 2025 Results
Accessnewswire· 2025-11-12 21:55
DENVER, COLORADO / ACCESS Newswire / November 12, 2025 / SOBR Safe, Inc. (Nasdaq:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol monitoring and detection technology, is reporting financial and operating results for the third quarter ended September 30, 2025. Third Quarter 2025 Operational and Financial Highlights Revenue increased 136.1 % year-over-year. ...
SOBR Safe(SOBR) - 2025 Q3 - Quarterly Report
2025-11-12 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________. Commission file number: 000-53316 SOBR SAFE, INC. (Exact name of registrant as specified in its charter) Delaware 26-0731818 (State ...
SOBR Safe (SOBR) 2025 Conference Transcript
2025-09-03 22:00
Summary of SoberSafe Conference Call Company Overview - **Company Name**: SoberSafe (SOBR) - **Industry**: Alcohol monitoring and detection technology - **Market Position**: Publicly traded on NASDAQ, with a focus on replacing traditional breathalyzers with advanced technology [1][2] Core Points and Arguments - **Market Traction**: The company is transitioning from early adoption to market expansion, indicating a positive growth trajectory [2] - **Product Offering**: SoberSafe aims to establish a new standard for alcohol detection through a combination of hardware (SilverCheck and wearable bands) and software (SaaS model) [3][4] - **Target Market**: Focus on behavioral health, with 46,000 facilities in the U.S. and a significant addressable market of 28.9 million individuals diagnosed with alcohol use disorder [5][8] - **Competitive Landscape**: Competing with established players like Soberlink, offering more affordable pricing and advanced features [11][12] - **Sales Strategy**: Direct sales force targeting behavioral health facilities, with additional consumer digital marketing efforts [6][13] Financial and Operational Highlights - **Revenue Growth**: Initial traction with 55 devices installed and around 500 users, indicating progress in market adoption [14] - **Financial Health**: Approximately one year of cash reserves, no debt, and a clean balance sheet, allowing for strategic execution over the next six to eight months [19][20] - **E-commerce Platform**: Launched a new platform for B2B consumers to manage purchases and subscriptions, enhancing customer experience [23][24] International Expansion and Licensing Opportunities - **Global Testing**: Conducting tests in Australia, New Zealand, India, Italy, and the UK, with potential for significant market entry based on successful outcomes [15][16][17] - **Licensing Potential**: Exploring licensing agreements for technology, particularly in India, where a partnership is being established for in-vehicle alcohol detection systems [18][31][32] Technology Comparison - **Superior Detection**: SoberSafe's technology offers early and longer detection capabilities compared to traditional breathalyzers, validated by third-party testing [28][29] Additional Insights - **Board Enhancements**: Recent additions to the board with expertise in governance and scientific advisory roles to strengthen company leadership [21][22] - **Patent Acquisition**: Secured a European patent for the SoberCheck device, opening up additional licensing opportunities in Europe [25][26] This summary encapsulates the key points discussed during the SoberSafe conference call, highlighting the company's strategic direction, market opportunities, and competitive advantages in the alcohol monitoring industry.
SOBR Safe(SOBR) - 2025 Q2 - Quarterly Report
2025-08-07 20:31
PART I – FINANCIAL INFORMATION [ITEM 1 Condensed Consolidated Financial Statements](index=3&type=section&id=ITEM%201%20Condensed%20Consolidated%20Financial%20Statements) This section presents SOBR Safe, Inc.'s unaudited condensed consolidated financial statements and accompanying notes [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Balance Sheet Metrics | Metric | June 30, 2025 | December 31, 2024 | | :-------------------------- | :------------ | :------------------ | | Cash | $8,466,322 | $8,384,042 | | Total Assets | $10,856,720 | $11,171,203 | | Total Current Liabilities | $2,786,735 | $1,276,889 | | Total Stockholders' Equity | $8,039,102 | $9,802,321 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Three Months Ended June 30 | Metric | 2025 | 2024 | Change (%) | | :----- | :------------ | :------------ | :--------- | | Revenues | $104,228 | $54,191 | 92.3% | | Gross profit | $59,884 | $13,035 | 359.4% | | Net loss | $(1,995,485)$ | $(2,077,374)$ | 3.9% | | Basic and diluted loss per common share | $(1.32)$ | $(113.76)$ | 98.8% | Six Months Ended June 30 | Metric | 2025 | 2024 | Change (%) | | :----- | :------------ | :------------ | :--------- | | Revenues | $190,845 | $102,181 | 86.8% | | Gross profit | $110,848 | $36,244 | 205.9% | | Net loss | $(3,874,540)$ | $(4,583,295)$ | 15.5% | | Basic and diluted loss per common share | $(2.77)$ | $(333.84)$ | 99.2% | [Condensed Consolidated Statements of Changes in Stockholders' Equity](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders'%20Equity) - Total Stockholders' Equity decreased from **$9,802,321** at December 31, 2024, to **$8,039,102** at June 30, 2025[16](index=16&type=chunk)[24](index=24&type=chunk) - **579,219** shares of common stock were issued upon exercise of warrants during the six months ended June 30, 2025[24](index=24&type=chunk)[101](index=101&type=chunk) - A True-up payment related to 2024 PIPE Warrants resulted in a **$(1,640,000)** reduction in stockholders' equity for the six months ended June 30, 2025[24](index=24&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Activities (Six Months Ended June 30) | Cash Flow Activity | 2025 | 2024 | | :----------------- | :------------ | :------------ | | Net cash used in operating activities | $(3,313,203)$ | $(3,049,161)$ | | Net cash provided by financing activities | $3,395,483 | $2,425,418 | | Net Change In Cash | $82,280 | $(623,743)$ | | Cash At The End Of The Period | $8,466,322 | $2,166,404 | [Notes to the Unaudited Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) [NOTE 1. ORGANIZATION, OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES](index=9&type=section&id=NOTE%201.%20ORGANIZATION,%20OPERATIONS%20AND%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES) This note outlines SOBR Safe, Inc.'s business, significant accounting policies, and operational context - SOBR Safe, Inc. is a hardware and software company headquartered in Greenwood Village, Colorado, providing non-invasive alcohol monitoring and detection, biometric identity verification, and real-time cloud-based alerts through its SOBRsafe™ software and patent-pending products, SOBRcheck™ and SOBRsure™[28](index=28&type=chunk) - Revenue is recognized when control of software products and/or services are transferred to the customer, following a five-step model for contract identification, performance obligation identification, transaction price determination, allocation, and recognition[48](index=48&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk) - The Company's basic and diluted loss per share are the same for the periods presented because the effect of its dilutive securities (stock options, restricted stock units, warrants, and convertible instruments) is anti-dilutive[64](index=64&type=chunk) - The Company faces concentration risks due to sales to a limited number of customers and reliance on a limited number of component and contract suppliers, which could lead to significant period-to-period revenue shifts or production delays[67](index=67&type=chunk)[68](index=68&type=chunk)[69](index=69&type=chunk) [NOTE 2. GOING CONCERN](index=13&type=section&id=NOTE%202.%20GOING%20CONCERN) Recurring losses and negative cash flows raise going concern doubts, but management believes current capital and strategic plans ensure adequate funding for the next twelve months - As of June 30, 2025, the Company has an accumulated deficit of approximately **$102,250,000** and experienced negative cash flows from operating activities of approximately **$3,310,000** during the six months ended June 30, 2025[75](index=75&type=chunk) - Management believes cash balances of approximately **$8,470,000** and positive working capital of approximately **$6,010,000** at June 30, 2025, combined with the release of its second-generation SOBRsure™ device and a comprehensive 2025 marketing plan, provide adequate capital for operating activities for the next twelve months[76](index=76&type=chunk) [NOTE 3. INVENTORY](index=13&type=section&id=NOTE%203.%20INVENTORY) Inventory consists of component parts and finished goods, valued at the lower of cost or net realizable value using the FIFO method, with no obsolescence reserves recorded Inventory Composition | Category | June 30, 2025 | December 31, 2024 | | :-------------- | :------------ | :---------------- | | Component parts | $59,081 | $59,081 | | Finished goods | $130,682 | $165,794 | | **Total Inventory** | **$189,763** | **$224,875** | [NOTE 4. PREPAID EXPENSES](index=14&type=section&id=NOTE%204.%20PREPAID%20EXPENSES) Prepaid expenses include insurance, deposits, and other items, with annual insurance premiums prepaid in July 2024 and recognized over the coverage period Prepaid Expenses Composition | Category | June 30, 2025 | December 31, 2024 | | :-------------- | :------------ | :---------------- | | Insurance | $1,664 | $165,041 | | Deposit | $40,736 | $15,736 | | Other | $50,010 | $11,860 | | **Total Prepaid Expenses** | **$92,410** | **$192,637** | - Insurance expense related to prepaid annual general risk and directors & officers insurance premiums was **$167,371** for the six months ended June 30, 2025, compared to **$199,600** for the same period in 2024[78](index=78&type=chunk) [NOTE 5. LEASES](index=14&type=section&id=NOTE%205.%20LEASES) The Company leases its corporate headquarters and office equipment under operating leases, with a lease amendment in April 2023 extending the office lease term and requiring ROU asset and lease liability recognition - Total operating lease expense was **$100,531** for the six months ended June 30, 2025, compared to **$97,755** for the same period in 2024[82](index=82&type=chunk) Operating Lease Liabilities (June 30, 2025) | Category | Amount | | :------------------------------ | :---------- | | Operating lease liabilities, current portion | $118,619 | | Operating lease liabilities, long-term | $30,883 | | **Total operating lease liabilities** | **$149,502** | - The weighted average remaining lease term is **15** months, and the weighted average discount rate is **10%**[83](index=83&type=chunk) [NOTE 6. INTANGIBLE ASSETS](index=14&type=section&id=NOTE%206.%20INTANGIBLE%20ASSETS) Intangible assets primarily consist of SOBRsafe™ Intellectual Technology, amortized over 10 years, with no impairment loss recognized Intangible Assets (SOBRsafe™ Intellectual
SOBR Safe(SOBR) - 2025 Q1 - Quarterly Report
2025-05-15 20:46
FORM 10‑Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 000-53316 SOBR SAFE, INC. (Exact name of registrant as specified in its charter) 10-Q 1 sobr_10q.htm FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Re ...
SOBR Safe(SOBR) - 2024 Q4 - Annual Report
2025-04-15 19:26
Financial Performance - The company reported a significant fluctuation in quarterly and annual operating results, which may not fully reflect the underlying performance of the business[22]. - The company has a limited operating history, and its quarterly and annual operating results may fluctuate significantly[22]. - The company may face challenges in meeting future capital needs, which could impact technology and product development efforts[22]. - The company may face increased costs or disruptions in the supply of raw materials, impacting financial performance[22]. Technology and Product Development - The company is focused on the development and commercialization of alcohol monitoring and detection devices, relying on its SOBRsafe™ technology[22]. - The company relies on third-party intellectual property licenses for its patent-pending technology, which may expose it to legal and financial risks[22]. Manufacturing and Supply Chain Risks - There is a dependency on third-party manufacturers for key components, which could lead to lost revenue if production is delayed[22]. - The company has limited experience in large-scale manufacturing, which may adversely affect growth[22]. - The company is dependent on third-party manufacturers for key components, and any disruptions could negatively impact revenue[22]. International Expansion Risks - The company faces risks associated with international expansion, including unexpected events and regulatory compliance[22]. - The company is subject to risks associated with international expansion, including compliance with regulations and potential cost increases[22]. Competition and Market Challenges - The company faces competition that could hinder its ability to operate profitably in the market[22]. Stock and Share Structure - A reverse stock split of 1-for-3 was effective on April 28, 2023, adjusting all common stock share amounts accordingly[27]. - The company maintains 100,000,000 authorized shares of common stock despite the reverse stock splits[28]. - The number of authorized shares of common stock remains at 100,000,000 despite the reverse stock splits[28].
SOBRsafe and Orbiit Announce Partnership to Enhance Alcohol Recovery Through AI and Wearable Technology
Prnewswire· 2025-02-20 13:00
Core Insights - SOBR Safe, Inc. and Orbiit have formed a strategic partnership to enhance alcohol recovery through AI and wearable technology, aiming to provide a non-judgmental and data-driven approach to sobriety management [1][2][3] Company Overview - SOBR Safe, Inc. specializes in next-generation alcohol detection technology, particularly through its transdermal alcohol detection wristband, SOBRsure, which offers continuous monitoring without the need for invasive testing [1][7] - Orbiit is an AI-driven platform designed to support alcohol recovery, providing personalized interventions and engagement through a sophisticated chatbot and SMS messaging [10][8] Market Context - In 2023, over 28 million people in the U.S. were reported to suffer from Alcohol Use Disorder (AUD), with only 15.6% receiving treatment, highlighting a significant gap in accessible recovery solutions [2] - The partnership addresses the critical demand for innovative recovery options by combining SOBRsafe's wearable technology with Orbiit's AI capabilities [2][5] Partnership Details - The Orbiit Recovery Program is a six-month initiative priced at $3,995, which includes the SOBRsure band and access to Orbiit's AI platform, enhancing user engagement and recovery outcomes [5] - The integration of wearables with real-time monitoring and AI support is expected to improve accountability and motivation for individuals on their sobriety journey [4][8] Technological Innovation - SOBRsafe's technology allows for passive, touch-based alcohol detection, providing immediate feedback on alcohol presence through skin emissions, which is a significant advancement over traditional methods [7][8] - The partnership aims to set a new standard in alcohol recovery solutions by merging AI and wearable technology, potentially transforming the landscape of addiction recovery [6][1]
SOBRsafe Releases Real-Time Alcohol Detection Wristband with Premium Updates
Prnewswire· 2024-11-13 14:00
Core Insights - SOBR Safe, Inc. has launched SOBRsure™, a wristband device that detects alcohol through advanced transdermal technology, aimed at supporting sobriety and recovery [1][3][7] Product Features - SOBRsure offers real-time detection of alcohol, continuous monitoring, and instant alerts to authorized users via a user-friendly app [5][7] - The wristband is designed to be sleek and discreet, resembling a fitness tracker, and is sweat-proof and water-resistant [5][6] - It includes GPS tracking capabilities and provides historical reporting options for users to demonstrate alcohol compliance [5][6] Market Application - SOBRsure is targeted at individuals seeking to abstain from alcohol, as well as high-risk industries such as transportation, construction, and manufacturing to enhance workplace safety [4][6] - The device serves as an accountability tool for families and employers, providing peace of mind while supporting individuals on their sobriety journey [3][4] Pricing and Availability - SOBRsure is available for purchase at a retail price of $249, with subscription options starting at $39.99 per month for BASIC and $59.99 for PLUS, which includes historical reporting [5][6]
Why Is SOBR Safe (SOBR) Stock Up 83% Today?
Investor Place· 2024-06-04 16:19
Group 1 - SOBR Safe (NASDAQ:SOBR) stock is experiencing a significant increase after signing agreements with Hired Power and The Firm for initial purchases of its SOBRsure device [1][3] - Hired Power operates in the treatment sector, collaborating with numerous treatment centers and professionals, while The Firm focuses on addiction recovery [2] - The trading volume of SOBR stock has surged, with over 226 million shares traded, compared to the daily average of 4.3 million shares, and the stock price has risen by 82.6% as of Tuesday morning [3]